Arribatec Group ASA (OSL:ARR)
kr 0.34 -0.01 (-2.86%) Market Cap: 92.78 Mil Enterprise Value: 156.78 Mil PE Ratio: 0 PB Ratio: 0.40 GF Score: 51/100
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Q2 2024 Arribatec Group ASA Earnings Call Transcript

Aug 15, 2024 / 07:00AM GMT
Release Date Price: kr0.91778 (-15.89%)
Geir Johansen
Arribatec Group ASA - Chief Executive Officer

Good morning, everyone, and welcome to our second quarter presentation. I will take you through the financial numbers, what has happened on the market side, and talk a little bit about the operations. So let's dive in here.

So second-quarter revenue is a record high revenue for Arribatec, came in at NOK150.1 million. Adjusted EBITDA came in at NOK3.4 million, where there are around NOK3 million in one-offs. That reduces the EBITDA to just above breakeven level.

Business services had, outside of Norway, a somewhat lower activity compared to same quarter last year. And EA & BPM likewise lost out on a couple of larger projects that we had bid for the early part of Q1 -- sorry, Q2. And that also impacted our EBITDA and our margins. However, Flytoget had picked up some of the revenue and -- or the revenue gap and -- but still at somewhat lower margins than we would have had on the business services and the EA-BPM projects.

Finally, from a financial perspective, cash is at NOK30 million at the end of the quarter. And

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